IslamQA.org Logo

Islamic Financing

Answered according to Hanafi Fiqh by ShariahBoard.org

As SalaamuA’likum,

Can we use Islamic financing for investment?  Suppose, I purchased a house for personal use using Islamic financing (paid off or not paid off), can I buy another property for investment purpose using Islamic financing? If so, what are the conditions, and if not, why? 

Jazakallah

الجواب وباللہ التوفیق

You have not specified which bank you meant when you mentioned Islamic Bank. Further, it is not clear how are you planning to make investment. Please write both points clearly so a response can be given.

والسلام

This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

Find more answers indexed from: ShariahBoard.org
Read more answers with similar topics:
Search
Related QA

Pin It on Pinterest